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Suppose that in a certain city, the rent of an apartment is proportional to the size of the apartment in square feet. You use regression
Suppose that in a certain city, the rent of an apartment is proportional to the size of the apartment in square feet. You use regression to try to quantify this relationship and the regression output from a sample of 10 apartments is shown below. Report the regression equation. Predictor Coet Stdev t ratio P Constant 311. 957 60. 2763 3. 10 80-04 0.13 0. 0161 2.01 0. 0228 9 3.429 R-aq - 49.74 R-Bq (adj) = 43. 424 Analysis of Variance SOURCE DF 55 HS P Regression 1 7.91 D- 0228 Error 94. 1 11 .8 Total 187.1 O 1) (size) = 0.13*(cost) + 311.957 O 2) (cost) = 311.957*(size) + 0.13 ( 3) (size) = 311.957*(cost) + 0.13 O 4) (cost) = 0.13*(size) O 5) (cost) = 0.13*(size) + 311.957
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